This Week in Foodservice provides a high-level summary of the economic data, financial news, menu updates and numerous other statistical packages and developments that impact foodservice operators, consultants, dealers, manufacturers, reps and service agents. In his weekly blog, Jerry Stiegler aggregates key industry data through his infamous Green Sheet and provides some brief analysis that will help foodservice professionals navigate the sea of information. Jerry is a long-time member of the foodservice industry, whose experience includes working for Restaurants & Institutions magazine and FE&S.
McDonald’s could be buying a lot of new equipment. Existing home sales hit an 8-year high while first time jobless claims hit a 40-year low. Fast food employees in New York State may be earning $15 an hour. These stories and a whole lot more in This Week In Foodservice.
Knapp-Track reports casual dining sales remain soft. Technomic says fast-casual operations are still charging along with build-your-own concepts leading the way. The NPD Group finds lunch traffic around the world shows improvement. Hispanics are a great target audience for foodservice. These stories and a whole lot more This Week In Foodservice.
U.S. retail sales unexpectedly fall in June. The NPD Group reports more patrons are choosing to eat in restaurants. The FDA has postponed menu nutritional data posting requirements until December next year. Meals served at full-service restaurants are no healthier than those served at fast food operations. These stories and a whole lot more This Week In Foodservice.
Operators focus on future equipment investments. Despite what appears to be a cloudy overall job picture, foodservice keeps hiring. Technomic says refranchising may not be a good move. These stories plus a whole lot more This Week In Foodservice.
Restaurants are performing well in the minds of most consumers according to a recent study. Sysco bows out of the US Foods merger. Buffalo Wild Wings pleases guests by adding staff. Ruth’s Chris and Hooters are both investing heavily in remodeling. These stories and a whole lot more This Week In Foodservice.
Knapp-Track finds causal restaurant same-store sales up slightly in May. Technomic reports restaurant same-store sales were up 4 percent in the first quarter. The number of restaurants increased 9,000 last year. A coalition has been created to fight NY Governor Cuomo’s plan to increase the state’s minimum wage. Food trucks could have sales of $2.7 billion in 2 years. These stories and a whole lot more in This Week In Foodservice.
Restaurant sales had a modest gain in May. U.S. job openings hit an all-time high. The NRA says foodservice will hire over half a million workers this summer. Businesses fight proposed changes in overtime pay regulations. L.A. raises minimum wage to $15. These stories and a whole more in This Week In Foodservice.
McDonald’s franchisees face numerous problems. Foodservice operators kept hiring in May. New York City fast food employment grew 87 percent in the last 15 years. NPD Group says traffic was flat but menu price increases drove dollar sales. These stories and a whole lot more in This Week In Foodservice.
The National Restaurant Association reports its performance index increased moderately in April. The first quarter GDP estimate shows the economic recovery continues to struggle. Sysco and US Foods await decision on their merger. The Munchery meal delivery company raises big bucks for expansion. KFC and Taco Bell will test delivery. Burger King is back to number two in sales. These stories and a lot more in This Week in Foodservice.
Are restaurants really outselling supermarkets? Restaurants are among the top draw in consumer visits. Arby's reduces energy use. Service Employees Union International wants franchise power imbalance investigated. All this and more in This Week in Foodservice.
Government numbers show good restaurant sales in April. US Foods is getting antsy over delay in the Sysco merger but no quick decision is anticipated. Seattle operators struggle with minimum wage increase. YUM may divest its Chinese businesses. These stories and a lot more in This Week In Foodservice.